![]() NEW Serviceable stub axles for ease of maintenance with 12.5L x 15 10 ply tires. NEW Valve turn handwheels for convenient shut off of main tank valve. NEW Oversized pump plate to accommodate any pump. Heartland Agriculture, LLC STANDARD FEATURES Serviceable stub axles with 12.5L x 15 implement tires 6" x 2" structural steel channel frame 102" overall width 15' of axle clearance Valve turn handwheels Hydraulic pump with dual lift cylinders Adjustable height clevis 3/8" Grade 43 safety chains Rear hitch 2 component poylurethane black paint Pump mount plate NEW Rigid tank tie downs for secure hold and no tank movement during transport. We can also integrate products from our line of Hutchinson unloading equipment, to make handling grain even more. ![]() You can even get the process started by applying today.E Heartland DC3000 DUAL CONE TRAILER AG SYSTEMS Accommodates 2500-3000 gallon cone bottom tank with 15" slope and up to 91" OD. As the exclusive Australian dealer of Ag. Contact our Equipment Finance Department with questions. Our team works hard every day to take the stress out of the process. If you are interested in leasing options on an upcoming purchase, we can help you take the headaches out of paying for it. Otherwise, equity is retained by purchasing or trading to pay off the residual amount due.Īpplication equipment is a vital part of your operation. The customer only gives up equity if they surrender. If sold for more than the residual, the customer will be reimbursed for that amount. If sold for an amount less than the stated residual, the customer will be billed for that amount. If asset is surrendered to the leasing company, the asset will be sold. At the end of the lease, the customer has option to purchase, trade, or surrender (walk away) asset. This fourth option is considered a true tax lease where customer writes off lease payment as operating expense, rather than depreciating asset. TRAC: Terminal Residual Adjustment Clause The customer then retains their equity by purchasing or trading to pay off the residual amount due at end, just like they would with a balloon loan. The customer either has to purchase, trade, or renew lease. The difference is that there is no walk away option from this type. ![]() Like the FPO Lease, a PRO Lease is typically considered a true tax lease, meaning a customer writes off lease payment as operating expense, rather than depreciating asset. PRO: Purchase or Renew (payment write-offs with “balloon-like” residual) With a PUT lease, the customer retains their equity by purchasing or trading to pay off the residual amount due at end, just like they would with a balloon loan. At lease end, residual may also be refinanced as a loan, subject to credit approval. In this case, the customer must purchase or trade, and there is no walk-away option. The customer takes depreciation just like a loan, rather the writing off lease payment. PUT: Purchasing Upon Termination (depreciation benefits with “balloon-like” residual)Ī PUT or a Purchasing Upon Termination lease is a conditional sale lease with same tax treatment as loan. Typically, the residual will be 5-10% lower that Pro and Put Lease options. The most affected agricultural systems were irrigated arable land on the plains and vineyards on the slopes. The customer would only give up their equity in the case of a walk away, otherwise equity is maintained by purchasing or trading to pay off the residual amount due. At the end of the lease, the customer has the option to purchase, trade or walk away from the asset. This is typically considered a true tax lease where the customer writes off the lease payment as an operating expense, rather than a depreciating asset. These options are outlined below.įPO: Fixed Purchase Option (also known as Walk Away Lease) Here at Heartland AG Systems, we offer many different types of leasing options for you to choose from, based on your needs. Leasing equipment is a common alternative to purchasing, and we are here to support your decision.
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